Cobra III E-mini Dow - Backtesting on March 25, 2021

Cobra III E-mini S&P 600 PT - New Equity Peaks on March 24, 2021

Cobra III E-mini S&P and E-mini Nasdaq

The Cobra III Trading System was initially developed in 2005 with the latest release in 2009. Since that time the entry rules have remained unchanged. In November 2016, we changed the interval from five minute bars to 15 minute bars.

Cobra III trades in the direction of a strong and well established intra-day trends. This strategy is limited to one entry per day. In early 2018, when volatility increased, the stop loss was updated from $300 to $600 per contract and the profit target was removed. Daily risk is fixed with Cobra III since it only takes one trade per day. The best description for the way this strategy works in just a few words would be “middle trend finder”. This strategy is designed to trade in the Tradestation, NinjaTrader, and MultiCharts trading platforms.

Cobra III E-mini S&P 7.3 out 10 trades so far in 2021

On average, 7.3 out of 10 trades of the Cobra III E-mini S&P $600 Profit Target trades have been profitable this year. The average trade profit after slippage and commission is $258 on 23 trades in 2021.

Even though past performance is not indicative of future results, new equity peaks on existing strategies always bring some validation to your strategy.

This strategy was originally being developed in 2004. We recently added a VIX filter so that it won't trade if VIX > 100 (which has never happened). This doesn't change the strategy since it has never happened but with VIX data only going back to 2003, that is how far our backtest goes.

Ninjatrader 8 Performance & Setup Cobra III E-mini S&P - 03/15/2021

We go over the latest equity peaks and performance for Cobra III E-mini S&P going back to January 2007. This strategy, which takes long and short trades is at new equity peaks on March 11, 2021.

We recently added the $600 profit target per contract back into this strategy in December 2020. We look at historical performance for this strategy and discuss the winning and losing streaks to get a view of realistic expectations when trading. There are some losing years in this strategy and it won't do as well in a narrow ranging market with few trends.

Markets like 2015, 2018, 2020, and 2021 do very well. Its one of our top strategies and we recommend trading this in a portfolio for diversity.

We also go into great detail over the data and input settings for this strategy.

Cobra III E-mini Nasdaq
1400 Long Profit Target/2900 Short Profit Target
Hypothetical Performance Summary
No Slippage or Commission
2/12/2001 - 03/11/2021
*First Trade in 2003 since VIX data does not start until 2003
Tradestation Performance Summary for Cobra III NQ
Cobra III E-mini S&P
600 Long and Short Profit Target
Hypothetical Performance Summary
No Slippage or Commission
11/03/1997 - 03/11/2021
*First Trade in 2003 since VIX data does not start until 2003
Tradestation Performance Summary for Cobra III NQ
Cobra III E-mini Nasdaq
Hypothetical Performance Summary
No Slippage or Commission
2/12/2001 - 03/11/2021
*First Trade in 2003 since VIX data does not start until 2003
Tradestation Performance Summary for Cobra III NQ
Cobra III E-mini S&P
Hypothetical Performance Summary
No Slippage or Commission
11/03/1997 - 03/11/2021
*First Trade in 2003 since VIX data does not start until 2003
Tradestation Performance Summary for Cobra III NQ
Annual Subscription
An annual subscription is the easiest way to get started. We do  not offer monthly subscriptions since strategies can go through multi-month losing streaks. An annual subscription will license you up to 4 contracts per market that you subscribe.
Lifetime License
The lifetime license doesn't limit the number of contracts traded and can be traded on all stock index futures. The code is close and the strategy remains proprietary but the code will never expire. 
Open Code License
The Open Code License gives you access to the code. This is beneficial for traders who want to know how the strategy works and for traders who want to modify the strategy to add their own custom rules to the trading system. The Open Code price is $25,000 and requires a Non-Disclosure Agreement. 
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U.S. Government Required Disclaimer - Commodity Futures Trading Commission. Futures and options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY, SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.